NASAA: Washington Proposes Amendments to Rules for Investment Advisers

The Washington Securities Division is proposing to amend the rules for investment advisers. The proposed amendments would update various provisions of the investment adviser rules, including those regarding financial reporting requirements, custody, books and records, and unethical practices. The proposed amendments would also add new rule sections addressing proxy voting, advisory contracts, and compliance procedures and practices, and would create exemptions from registration for certain private fund advisers and venture capital fund advisers. Many of these changes would make Washington's rules consistent with current federal law and NASAA model rules.

See: Proposed Rulemaking and Proposed Amendments.